PowerBank Announces Repurchase Of 13.9 MW Gainesville And New York Community Solar Projects For Combined US$2,396,068, With Expected Investment Tax Credit Value Of About US$13M
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Why It Matters
PowerBank bought back two solar energy projects it had sold before, spending about $2.4 million but expecting tax credits (money the government gives for clean energy) worth around $13 million. This shows the company thinks these projects are valuable and worth owning again.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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